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Ybrant raise $48 million in debt, equity

Ybrant raise $48 million in debt, equity
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First Published: Tue, Jan 18 2011. 09 06 PM IST
Updated: Tue, Jan 18 2011. 09 06 PM IST
Bangalore: Hyderabad based digital marketing firm Ybrant Digital Ltd has raised $48 million in debt and equity from Oak India Investments and existing investors, Asia Pacific Capital and ICICI Bank.
Founded in 2000, Ybrant Digital offers digital marketing solutions to businesses, agencies, and online publishers worldwide. It connects advertisers with their audience across any form of digital media through the most relevant digital channel.
In August last year, it had acquired a search engine and web portal company Lycos Inc for $36 million. It intends to use the corpus raised for growing its reach, develop new technology, expand internationally and explore acquisitions, the company said in a statement.
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First Published: Tue, Jan 18 2011. 09 06 PM IST